ZipRealty
 | |
| Company type | Defunct |
|---|---|
| Industry | Real estate |
| Founded | 1999 |
| Founders | Scott Kucirek Juan Mini |
| Fate | Acquired by Realogy and integrated into Coldwell Banker |
| Headquarters | Emeryville, California, USA |
Area served | United States |
ZipRealty was a website that offered real estate listings. In 2014, it was acquired by Realogy and it was later integrated into its Coldwell Banker subsidiary.
History
[edit]The company was founded in 1999 by Scott Kucirek and Juan Mini, two graduates of the Haas School of Business at University of California, Berkeley.[1] While they were still in school, they raised $1.7 million in venture capital, including $1.2 million from Vanguard Venture Partners. They took advantage of UC facilities, including free office space in the basement of the Bancroft Hotel.[2]
In November 2004, the company became a public company via an initial public offering, raising $59 million.[3]
In January 2011, the company shut down its operations in North Carolina.[4]
In February 2011, Better Homes and Gardens Real Estate took over the company's listings in Atlanta.[5]
In August 2014, the company was acquired by Realogy for $166 million.[6][1] At that time, 85 agents were integrated into Coldwell Banker, another subsidiary of Realogy.[7]
In March 2017, ZipRealty's sales professionals in Texas joined Coldwell Banker.[8]
The company was fully integrated into Coldwell Banker.
References
[edit]- ^ a b Li, Roland (July 20, 2014). "Realogy Holdings Corp. to Buy ZipRealty for More Lucrative Leads". The Wall Street Journal.
- ^ Sinton, Peter (May 26, 1999). "Campus Creations / Venture capital firms investing in student startups". SFGate.com.
- ^ Gelsi, Steve (November 10, 2004). "NGP Capital, ZipRealty IPOs debut". MarketWatch.
- ^ "ZipRealty cutting lose 87 Wake agents". American City Business Journals. December 3, 2010.
- ^ "BHGREMB partners with ZipRealty". American City Business Journals. February 1, 2011.
- ^ "Realogy Announces Completion Of Cash Tender Offer For Shares Of ZipRealty, Inc" (Press release). PR Newswire. August 14, 2014.
- ^ van der Meer, Ben (August 27, 2014). "Coldwell Banker adds 85 agents from ZipRealty acquisition". American City Business Journals.
- ^ Pulsinelli, Olivia (March 1, 2017). "ZipRealty's sales professionals in Texas join another brokerage". American City Business Journals.
